After revoking Disney's longstanding special privileges in Florida, DeSantis officials say taxpayers won't be stuck paying the company's $1 billion debt — but they've yet to offer a plan.
The special district's board of supervisors met Wednesday for the first time since the repeal of Disney World's special privileges in Florida and had few, if any, answers about what comes next. | David Roark/Disney Resorts via Getty ImagesTALLAHASSEE, Fla. — The DeSantis administration is adamant that Florida taxpayers will not be stuck paying massive debts for Walt Disney Co.
“As Governor [Ron] DeSantis has said, Disney will pay its fair share of taxes, and abolishing the special district will not cause tax increases for the residents of any area of Florida,” DeSantis spokesperson Christina Pushaw wrote in a statement Thursday. She replied to one person on Twitter that she “will be sure to post more details on the plan as soon as I can share those.”
. Throughout debate over the bill, GOP lawmakers emphasized that it was giving the company and state a year to figure out complex tax and debt issues.came when Reedy Creek called into question the legality behind the Legislature’s move to dissolve the special district, which granted the entertainment giant the ability to build its own structures without seeking approval from a local planning commission and to collect taxes and issue bonds. The district was created in the 1960s.
“In light of the State of Florida’s pledge to the District’s bondholders, Reedy Creek expects to explore its options while continuing its present operations,” officials wrote in the statement that was posted to the Municipal Securities Rulemaking Board website.
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